Sobha launches luxury project in south Bangalore
Aug 21 2014
Arena is strategically located in one of the most sought after locales of the Garden City. It comprises 657 units of 2BHKsand 3BHKs, with apartments ranging in sizes between 1,290 sq ft and 1,695 sq ft
“Health is a major cause for concern these days, mainly due to the sedentary lifestyle that we lead. Although, there are a few professional sporting facilities and a hand-full of swimming pools in the city, they are few and far between. Arena will offer its residents access to many sporting facilities. For instance, there will be a 50m Olympic size three-lane swimming pool along with a 25m kiddy pool,” said JC Sharma, vice-chairman and MD, Sobha.
The project comprises 657 units, offering choices between two BHK and three BHK apartments. There will be basement parking, plenty of open space and two entrances and exits, respectively. The apartment sizes vary between 1,290 sq ft and 1,322 sq ft for two BHK and between 1,585 sq ft and 1,695 sq ft for three BHK configurations.
The project will also comprise a skating park and a racing bay built specially for kids. Another unique aspect of this project is that it is pet friendly. The property will include a first-of-its-kind pet park. The project will also include a multi-sport playground, a massive lake-facing open amphitheatre and many other outdoor sporting facilities, Sharma said.
Arena is strategically located and is in close proximity to various IT parks, corporate houses, some of the best schools, healthcare centres and entertainment sources, making it a viable investment option. The connectivity via NICE road to Electronic City and its proximity to the upcoming Vajrahalli metro station only serve the project well, the company said in a statement.
Sharma said, “South Bangalore has emerged as one of the most sought after localities when it comes to high-end homes. In the last four years, we have seen an appreciation in the property prices by about 63 per cent. In fact, south Bangalore has witnessed peripheral growth leading to an increase in the demand for homes in this part of Bangalore. Understanding the importance of the area and its real estate potential, we floated Arena, at Kanakapura Road, to meet the growing demand of luxury homes,” said Sharma.
Some of the ongoing projects of the company are Dewflower, City and Forest View. “These are also located at Kanakapura Road and have shown over 50 per cent increase in value over the last three to four years,” Sharma added.
Besides landscaped gardens and a picturesque lake promenade, the property has a drop-off zone and an outdoor jacuzzi.